CnEVPost Newsletter: Xiaomi's Lei Jun, NIO's William Li, XPeng's He Xiaopeng show up at rare gathering

Xiaomi's Lei Jun, NIO's William Li, XPeng's He Xiaopeng show up at rare gathering - CnEVPost — cnevpost.com Given that Xiaomi just announced its entry into the car-making industry three days ago, this gathering of the leaders of China's most prominent new energy vehicle companies has quickly generated widespread interest among Chinese Internet users.

NIO's JV with JAC has been officially established with registered capital of about $76 million - CnEVPost JAC would contribute RMB 255 million yuan, accounting for 51% of the total registered capital; NIO would contribute RMB 245 million yuan, accounting for 49%, JAC said previously.

Despite not delivering a single car, Evergrande Auto has overtaken NIO as second most valuable carmaker in China - CnEVPost At the close of trading on April 1, Evergrande Auto had a total market capitalization of HK$589.5 billion ($75.8 billion), higher than NIO's $62.2 billion, which is listed in the United States.

Li Auto reportedly plans to build second factory, possibly in Beijing, where it is headquartered - CnEVPost Li Auto is planning to build a second factory, most likely in Beijing, where the company is headquartered, local media iautodaily.com said on April 2, citing sources familiar with the matter.

Xiaomi CEO's hometown trying to get his car project based there - CnEVPost For local governments, attracting a car company to their area would certainly give a significant boost to the local economy, especially if the company is also China's largest smartphone maker.

Tesla in spotlight again as suspected runaway Model 3 plows into overpass - CnEVPost A black Tesla Model 3 ran into the entrance of a street crossing, reigniting questions about the model's loss of control, according to local media reports.

Tesla delivers 184,800 vehicles worldwide in Q1, says Model Y sees strong reception in China - CnEVPost The company's data released Friday showed that Model 3 and Model Y production in the first quarter was 180,338 units, with global deliveries of 182,780 units.

Tesla Model 3 reclaims title as world's best-selling EV in February over Hongguang Mini EV - CnEVPost Tesla delivered 28,014 Model 3s worldwide in February and it was the best-selling new energy vehicle in Europe.

Chinese firm's next-gen power battery seeks to challenge energy density bottleneck - CnEVPost Farasis Energy said it has developed and validated a next-generation electric vehicle battery with an energy density of 330Wh/kg, marking a challenge to the industry's widely held belief that lithium batteries have an energy density bottleneck upper limit of 350Wh/kg.

Sales of NEVs and hybrids in China expected to grow over 15 times by 2035, report says - CnEVPost Wood Mackenzie expects new energy vehicles and hybrids to dominate new car sales in China through 2035.